Standard Chartered Personal Loan

Standard Chartered Bank offers personal loans to the neediest persona for both self-employed and salaried. These Lendings for self-employed will be very beneficial to expand the business especially. There is no limit in using the loan amount for any particular expenses, therefore you can use for marriage expenses, children education, vacation, house renovation and for many other expenses. SCB offers personal loan in chennai a competitive interest rate that is affordable for anyone with easy repayment tenures.

Features of Standard Chartered Personal Loan:

SCB offers minimum Rs.50,000/- to maximum 30 lacs for salaried and up to 1 Crore for self-employed

The repayment period can be chosen from 12 months to 60 months

The interest rate varies between 19% and 22%

The time taken for processing the documents and get approval is up to 4 days since applied

SCB charges about 3% of processing fee

About 5% is taken as pre-payment charges from the outstanding loan amount

Eligibility for Standard Chartered Personal Loan:

Minimum monthly income for salaried must be Rs.11,000/- per month

The applicant must be minimum 21 years and maximum 58 years of age

Must be working in a company currently and have at least 1 year experience